1.12 Feasibility Studies

Question 1

what is a feasibility study?

Answer 1

• an assessment of the practicality of a design/plan as a formal document which shows analysis, research and evaluation, as well as testing prototypes with potential customers

Question 2

what is the purpose of a feasibility study?

Answer 2

• to determine if a project is technically feasible, cost effective and profitable

Question 3

examples of feasibility studies (3)

Answer 3

• cost- spreadsheets etc can be used to calculate production costs and determine whether a project will be cost effective or if cost of manufacture/materials/workers needs to be re-evaluated
• ergonomics- CAD modelling can be used to test ergonomics (eg kitchens- working triangle)
• prototyping- can be functional or non-functional. used to get feedback from potential customers